What are the responsibilities and job description for the Credit Analyst position at The Vollrath Company LLC?
POSITION DESCRIPTION
Manage a portfolio of customer accounts to determine credit worthiness, to maximize cash flow and to mitigate the risk of bad debt.
ESSENTIAL JOB RESPONSIBILITIES
Credit Approval
Analyze requests for credit on assigned portfolio of domestic customers to minimize bad debt risk and maximize accounts receivable collection. Recommend changes of credit limits to credit management
Initiate credit investigations using credit reporting agencies, industry reports, and bank and trade references.
Analyze financial statements. Calculate financial ratios and analyze data. Compile reports regarding finance and credit data.
Evaluate credit information to determine credit acceptability and recommend credit line to credit management
Set, review, and revise credit limits.
Determine where restrictive selling terms are necessary. Recommend change of terms to credit management.
Review files and maintain current information on active accounts.
Collections
Responsible for collection activity and follow-up of assigned portfolio of domestic customers.
Review customer files to identify, prioritize and select delinquent accounts for collection.
Contact customers for payment of past due accounts and payment irregularities.
Reconcile accounts and answer customer inquiries regarding balances. This may include short paid invoices, tracking information, POD’s, pricing disputes, shortages and overages to shipments, unearned cash discounts and freight costs.
Inform sales personnel of collection problems and request their assistance when necessary.
Secure information for presentation to Company personnel and customers to settle disputed balances.
Refer unusual or difficult collection problems to Credit Management with recommended courses of action.
Assist in preparing legal documents required for suit actions and bankruptcy filings. Maintain files and follow-up on bankruptcy claims and accounts placed with collection agencies and attorneys.
Other Responsibilities – Some travel is involved to visit with customers or to attend credit meetings and credit educational functions. Perform any duties deemed necessary by Credit Management for efficient operation of the department.
SUPERVISORY RESPONSIBILITIES/DIRECT REPORTS
None.
TRAVEL
Primarily office with some travel.
QUALIFICATIONS
5 plus years of credit and collection experience. Degree in business administration preferred with a Finance or an Accounting emphasis. Or equivalent combination of education and experience.
General knowledge of credit and collection practices.
Strong verbal and written communication skills with ability to interact successfully with people at all levels.
Must be able to organize and work independently with minimal supervision.
Ability to maintain a high degree of accuracy in detailed work.
Ability to handle exceptions to routine procedure.
Ability to work under time constraint pressures.
Ability to work with and interpret various numbers and combinations of numbers in relationship to discount items, pricing etc.
